Profit

Sell HDIL shares, bounce-back unlikely: experts

PUBLISHED ON: February 1, 2013 | Duration: 20 min, 53 sec

   
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Experts, Vishal Jajoo, senior research analyst at Nirmal Bang Securities, and Mitesh Panchal, technical analyst at SUR Advisory Services, recommend a sell on HDIL. Mr Panchal says a credible bounce-back is unlikely after a steep fall and investors should wait for a rally to exit the stock. Mr Jajoo agrees and adds, the markets will never reward a stock in which promoters have been selling their stake.
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